In an effort to support some of its inhabitants economically, the state of Montana is prepared to distribute $675 stimulus check as a new form of financial aid. This week marks the commencement of the application acceptance process. If you want to know who is eligible, the time frame, and the necessary criteria, stay with us at Solo Dinero.
The aforementioned funds will be distributed thanks to the Montana Property Tax Rebate, an initiative endorsed by Governor Greg Gianforte. Although this news had been previously revealed, the Montana Department of Revenue began accepting relevant applications starting August 15th, enabling individuals to acquire up to $675. October 1st, 2023, is the final date for application submission.
Property Tax Relief Stimulus Check Qualifications and Application Process in Montana
Governor Gianforte expressed in an official statement, “The residents of Montana deserve urgent property tax relief due to excessive property taxes. That’s why we made it a priority during this legislative session.” He also urged citizens to apply for the refund the next day. To qualify, individuals must be Montana residents who owned and resided in their home for no less than seven months in 2022. When applying, have ready the home’s physical address, zip code, the total property taxes paid in 2022, and the names and Social Security numbers of the homeowner, spouse, and any dependents if applicable.
Submissions can be made online at getmyrebate.mt.gov or via traditional mail. However, the Montana Department of Revenue advises applying digitally for quicker processing and expedited receipt of funds.
Applications will be handled on a first-come-first-serve basis, and the disbursement will follow the same order. All refunds are expected to be finalized by the end of 2023. According to the Revenue Department’s official site, “Each rebate amounts to $675 or the sum that does not surpass the property taxes on a Montana main residence for each year.” For the year 2023, homeowners are entitled to claim a maximum of $675 for Montana property tax refunds.
What documents are needed to apply for the $675 stimulus check in Montana 2023?
- Geocode of your principal residence in 2022, which can be found on Montana Cadastral.
- Amount of property taxes paid in 2022, as reflected on the 2022 principal residence’s property tax bill.
- Names and Social Security Numbers of you, your spouse, and your dependents, as reflected on your 2022 Montana Individual Income Tax Return or federal income tax return.
- If available, the Letter ID on the Montana Property Tax Rebate letter sent by Montana Department of Revenue in August 2023 (for identity verification purposes).
To apply for the stimulus check, you can submit your application online at getmyrebate.mt.gov or via traditional mail. The deadline to submit the application for the stimulus check in Montana is October 1, 2023.
Can apply for the stimulus check in Montana if move during the year?
If you moved during the year and lived in Montana for at least seven consecutive months, you are eligible to apply for the property tax rebate. This rebate is part of the stimulus measures implemented by the state of Montana and is separate from the federal stimulus checks.
The property tax rebate applies to property taxes paid on your principal residence in Montana. The rebate is up to $675 per year for the 2022 and 2023 property taxes. A principal residence is defined as a residence that has been owned and lived in for at least seven consecutive months.
Why some Montana residents may not be eligible for the $675 stimulus check
To understand why some Montana residents may not be eligible for the $675 stimulus check, we need to consider the information provided in the search results:
- Montana residents are eligible for a tax rebate worth up to $675 for property taxes on their principal residence. The eligibility criteria for this rebate include:
- Owning and living in the residence for at least seven consecutive months.
- Filing an application for the property tax rebate either online or by mail.
- The ability to claim the rebate even if the homeowner moved during the year, as long as they meet the seven-month residency requirement.
- The application for the 2022 tax rebate can be filed starting from August 15, 2023, and must be submitted by October 1, 2023.
- Separate claims need to be submitted for the 2023 rebate during the 2024 calendar year.
- Montana residents may also be eligible for a separate tax rebate of up to $2,500. The eligibility criteria for this rebate include:
- Being a resident of Montana for the entire 2021 tax year.
- Filing a 2020 Montana resident or part-year resident return and a 2021 Montana resident tax return before the 2021 tax filing deadline.
- Not being claimed as a dependent by another taxpayer in 2021.
- Having a positive amount entered on line 20 of the 2021 Montana Form 2.
- The rebate will be sent via direct deposit or mail, depending on the taxpayer’s preference.
Based on this information, here are the possible reasons why some Montana residents may not be eligible for the $675 stimulus check:
- Failure to meet the eligibility criteria for the property tax rebate, such as not owning a principal residence or not meeting the residency requirement.
- Failure to file the application for the property tax rebate within the specified timeframe.
- Not filing the necessary tax returns to be eligible for the separate tax rebate.
- Being claimed as a dependent by another taxpayer in 2021.
- Having a zero or negative amount entered on line 20 of the 2021 Montana Form 2.
These US states to send stimulus checks on September 2023
In response to the aftermath of the COVID-19 pandemic and ongoing inflation challenges, several US states have introduced tax rebate programs to provide financial relief to residents. These programs aim to put more money in the pockets of individuals and families who have been affected by economic uncertainties.
For example, Alabama offers one-time tax rebates of $150 for single individuals and $300 for married couples to compensate for higher grocery taxes. In Minnesota, one-time rebates of up to $1,300 per family are being distributed based on 2021 adjusted gross income, benefiting around 2.1 million residents.
Montana has implemented a series of rebate bills for income and property taxes, and New Mexico is providing refundable income tax rebates of up to $1,000 for certain filers. Additionally, Washington State offers tax credits of up to $1,200 to eligible individuals and families.
Other states such as Idaho, Illinois, and Massachusetts are also sending tax rebates and stimulus checks to their residents. In every case, you must refer to the official website of every state or local administration.